Stocks, Sports and everything else Headline Animator

Tuesday, January 6, 2009

QQQQ puts

I did not start a position in MOO as it looked rather iffy, not going up strongly in a strong market.
Apple retreated from the resistance I showed before, of course during the day, intraday, it went pretty high, but the close is what matters.
The markets too closed a bit high after being up huge intraday.
Looking at this overbought condition and also the low put/call ratio I decided to buy some Feb puts in qqqq and also HPQ. Very small positions and lets see what happens.
I am hoping Oil and USO pull back good. More later.

No comments:

Post a Comment

About Me

I am into stocks, options, all kinda sports, Music, food, Spirituality etc.
Powered By Blogger